Standard Bank is mired in internal conflict as its bad loans rise to nearly a third of total lending, exposing governance problems at the shariah based lender already under scrutiny by the central bank, show documents. 

The centrepiece of the reform package is the abolition of a category that designates state-owned lenders as "specialised banks"

The facility will remain valid until March 31, 2026

They were involved in money laundering and illegal fund transfers by the bank’s former chairman and family members

The OBUs can now extend loans through authorised dealers of other banks also

The relaxed LC margin facility will remain effective until March 31, 2026

Sammilito Islami Bank, the proposed largest shariah-based state-owned bank set to be formed through the merger of five troubled banks, got the preliminary approval from the Bangladesh Bank yesterday.

Tk 20,000 crore set aside for the bank, merging five troubled lenders

The draft Payment System Operator Regulations seek feedback from banks, fintech firms

The central bank governor says about the to-be-merged banks

Biggest banking shakeup in motion

They will not get any share in the new bank

Once the new bank is launched, depositors will get a maximum of Tk 2 lakh from the deposit insurance fund.

The fund will be used for the development of rural roads in 20 upazilas

Only Islami Bank, MTB and Premier activated both incoming, outgoing transactions

Expatriates sent home $2.56 billion in October

Key players not ready

Banks’ lending to small and medium-sized enterprises (SMEs) has fallen to a four-year low, putting the brakes on the rising trend in loan disbursements, as political uncertainty and the economic slowdown have dampened borrowing appetite among entrepreneurs.

Mutual Trust Bank (MTB) PLC has decided to buy one bigha of land in Dhaka’s upscale Gulshan area at Tk 300 crore for the construction of its corporate head office.

The company will soon apply to introduce “Munafa Digital Bank”